Credit cards payments processor Visa (NYSE:V) reported an increase in fiscal fourth quarter profits after the close of trading late yesterday.
Earnings rose to $880 million, or $1.27 per share, from $774 million, or $1.06 per share, last year.
Revenue grew 13%, to $2.38 billion.
Results were just ahead of analyst estimates.
Visa said payments volume growth rose 13% in the third quarter, while total processed transactions grew by 9%.
Rival MasterCard (NYSE:MA), which reports results next week, while American Express (NYSE:AXP), which actually extends credit in addition to issuing cards and processing payments, reported an increase in earnings last week.
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